Question

The credit for inventing the word “Privatisation” goes to

A).Elton Mayo
B).F.W. Taylor
C).L. Urwick
D).Peter Drucker

Answer 1

Answer:

peter drucker invented the word privatisation

Answer 2

(D) Peter Drucker

Peter Drucker invented the word privatisation in the early 1930s when many European Economies possessed the ownership of major private sectors. Privatisation basically means the transfer of specific property which was publically owned to private ownership.

Learn more interesting facts about privatisation word with history of the word to the present scenario of privatization

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